Brazil’s competition authority has recommended that the country’s primary stock exchange, B3, be condemned for abusing its dominant market position.
The move by the antitrust watchdog marks a significant escalation in regulatory scrutiny of the financial infrastructure itself, rather than just the companies listed on it.
44% to close at 170,507 on June 24, halting a brief two-day rally as selling pressure in the energy and mining sectors overwhelmed gains in financials.
The recommendation comes as Brazil’s equity markets face headwinds from broader global risk aversion.
Ibovespa futures opened lower on Tuesday, tracking losses from Wall Street and reflecting a cautious sentiment among investors.
The benchmark index retreated 0.44% to close at 170,507 on June 24, halting a brief two-day rally as selling pressure in the energy and mining sectors overwhelmed gains in financials.
For investors, the antitrust action introduces a new layer of uncertainty.